Background*

Mr. Peter William May has been serving as the Founding Partner and President at Trian Fund Management, L.P since November 2005. Mr. May founded the firm in November 2005. From April 1993 to June 2007, he served as the President and Chief Operating Officer at Triarc. From January 1989 to April 1993, Mr. May served as the President and Chief Operating Officer at TGLP. He served as the President, Chief Operating Officer, and Director at Triangle since 1983 until December ... 1988. From 1987 to October 1992, Mr. May also served as the President and Chief Operating Officer at Avery, Inc. He has been the Non-Executive Vice Chairman of The Wendy’s Company since June 2007. Mr. May has been a Director of Tiffany & Co., as of July 31, 2014. In addition, from June 1999 to March 2000, he was a Director of Ascent Entertainment Group, and, from February 1998 to May 2007, he was a Director of Encore Capital Group, Inc. Mr. May is the Chairman of the Board of Trustees of The Mount Sinai Medical Center. He serves as a Trustee of The University of Chicago, and a member of the Advisory Council on the Graduate School of Business of the University of Chicago. In addition, Mr. May serves as a Trustee of Carnegie Hall and the New York Philharmonic, a Partner of the Partnership for New York City. He serves as Chairman of the Board of the Leni and Peter May Family Foundation. Mr. May is the past Chairman of the UJA Federation’s “Operation Exodus” campaign, and an Honorary Member of the Board of Trustees of the 92nd Street Y. He is a Certified Public Accountant (inactive). Mr. May holds an Honorary Doctorate in Humane Letters from The Mount Sinai School of Medicine of New York University. He is an MBA from The University of Chicago School of Business and graduated from The University of Chicago with an A.B. degree.

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